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HDFC Life Insurance Co. Ltd.
(HDFCLIFE)
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Rating:58Neutral
Price Target:
₹562.00
▲(2.66% Upside)
Action:Reiterated
Date:08/06/26
The score is supported primarily by strong cash flow and a generally solid balance sheet with steady ROE, but it is held back by weak technical momentum (below major moving averages with negative MACD) and an expensive valuation (high P/E with low dividend yield).
Positive Factors
Cash generation
Sustained, large operating and free cash flows (FY2026 FCF ~363.2B, ~0.99x net income) indicate durable cash conversion. This funds capital requirements, supports solvency buffers, funds new business and shareholder distributions without relying on volatile market financing over the medium term.
Negative Factors
Thin profitability
Net margins near 1.9% leave limited earnings buffer against adverse claim trends, expense inflation or weaker investment spreads. Persistent thin profitability forces reliance on scale, cost control or investment gains to materially improve shareholder returns over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Sustained, large operating and free cash flows (FY2026 FCF ~363.2B, ~0.99x net income) indicate durable cash conversion. This funds capital requirements, supports solvency buffers, funds new business and shareholder distributions without relying on volatile market financing over the medium term.
Read all positive factors
HDFC Life Insurance Co. Ltd. (HDFCLIFE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.15T
Dividend Yield0.75%
Average Volume (3M)369.68K
Price to Earnings (P/E)57.9
Beta (1Y)0.84
Revenue Growth5.03%
EPS Growth4.87%
CountryIN
Employees38,921
SectorGeneral
Sector StrengthN/A
IndustryInsurance - Life
Share Statistics
EPS (TTM)9.16
Shares Outstanding2,172,588,900
10 Day Avg. Volume508,339
30 Day Avg. Volume369,675
Financial Highlights & Ratios
PEG Ratio12.17
Price to Book (P/B)7.17
Price to Sales (P/S)1.27
P/FCF Ratio3.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹720.00Price Target Upside31.52% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)10.42
Revenue Forecast (FY)₹882.44B
HDFC Life Insurance Co. Ltd. Business Overview & Revenue Model
Company Description
HDFC Life Insurance Company Limited, an Indian enterprise, provides a comprehensive suite of insurance and investment products catering to both individual clients and group entities. Its extensive portfolio encompasses solutions for protection, pe...
How the Company Makes Money
HDFC Life primarily makes money by underwriting life insurance and related long-term savings/retirement products and investing the premiums it collects. Key revenue and earnings drivers typically include: (1) Premium income: Customers pay regular ...
HDFC Life Insurance Co. Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
77
Positive
Cash Flow
83
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.04T | 1.00T | 900.69B | 958.23B | 702.46B | 674.43B |
| Gross Profit | 791.05B | 614.93B | 822.23B | 905.60B | 673.55B | 654.34B |
| EBITDA | 19.54B | 19.62B | 21.24B | 17.60B | 14.71B | 14.51B |
| Net Income | 19.75B | 19.12B | 18.11B | 15.74B | 13.68B | 13.27B |
Balance Sheet | ||||||
| Total Assets | 4.14T | 3.91T | 3.49T | 3.03T | 2.48T | 2.31T |
| Cash, Cash Equivalents and Short-Term Investments | 7.74B | 19.90B | 76.14B | 29.27B | 11.69B | 28.44B |
| Total Debt | 30.99B | 30.99B | 29.50B | 9.50B | 9.50B | 6.08B |
| Total Liabilities | 3.94T | 3.73T | 3.33T | 2.88T | 2.35T | 2.15T |
| Stockholders Equity | 195.62B | 177.50B | 161.55B | 146.66B | 129.93B | 156.13B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 363.16B | 152.96B | 105.85B | 67.96B | 58.86B |
| Operating Cash Flow | 0.00 | 366.03B | 155.97B | 107.21B | 68.83B | 59.43B |
| Investing Cash Flow | 0.00 | -378.49B | -136.38B | -136.17B | -100.87B | -8.07B |
| Financing Cash Flow | 0.00 | -2.75B | 16.07B | -4.03B | 19.85B | -2.38B |
HDFC Life Insurance Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹5.11T | 8.51 | ― | 2.48% | 10.53% | 23.28% | |
71 Outperform | ₹830.88B | 110.74 | ― | ― | 38.00% | 96.70% | |
69 Neutral | ₹1.70T | 64.97 | ― | 0.16% | -0.43% | 4.44% | |
58 Neutral | ₹1.15T | 57.86 | ― | 0.75% | 5.03% | 4.87% | |
57 Neutral | ₹683.80B | 40.26 | ― | 0.35% | -8.37% | 35.27% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹510.25B | 461.56 | ― | 0.63% | 4.89% | -59.23% |
* General Sector Average
IN:HDFCLIFE
HDFC Life Insurance Co. Ltd.
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HDFC Life Insurance Co. Ltd. Corporate Events
HDFC Life posts Q1 FY27 earnings call recording for investors
Jul 15, 2026
HDFC Life Insurance Company Limited has announced that the audio recording of its earnings call for the quarter ended June 30, 2026 has been made available on its investor relations website. The call, held on July 15, 2026, discussed the company&#...
HDFC Life Sets July 16, 2026 Virtual AGM, Proposes ₹2.10 Dividend and New Joint Auditor
Jun 24, 2026
HDFC Life Insurance Company Limited has scheduled its 26th Annual General Meeting for July 16, 2026, to be conducted via video conferencing and other audio-visual means, with e-voting enabled for shareholders ahead of the meeting. The AGM will con...
HDFC Life Files FY 2025-26 Business Responsibility and Sustainability Report
Jun 24, 2026
HDFC Life Insurance Company Limited has submitted its Business Responsibility and Sustainability Report for the financial year 2025-26, complying with Regulation 34 of SEBI’s Listing Obligations and Disclosure Requirements. The filing includ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.